Corporate governance procedures are needed to ensure

that: -

A All employees achieve their targets Correct Answer Incorrect Answer

B Employees adhere to ethical norms Correct Answer Incorrect Answer

C Corporations are involved in CSR work Correct Answer Incorrect Answer

D CSR is treated a line of business by the management Correct Answer Incorrect Answer

E All of the above Correct Answer Incorrect Answer

Solution

Corporate governance is the mechanisms, processes and relations by which corporations are controlled and directed. Governance structures and principles identify the distribution of rights and responsibilities among different participants in the corporation (such as the board of directors, managers, shareholders, creditors, auditors, regulators, and other stakeholders) and includes the rules and procedures for making decisions in corporate affairs.

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Relevant for Exams:

SEBI Grade A

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